Key Takeaways from Macy's (M) Q2 Results - Stifel
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Macy's (M) Misses Q2 EPS by 6c, Comments on H2 Outlook
August 13, 2014 8:02 AM EDTMacy's (NYSE: M) reported Q2 EPS of $0.80, $0.06 worse than the analyst estimate of $0.86. Revenue for the quarter came in at $6.27 billion versus the consensus estimate of $6.3 billion. Comps increased 3.4%.
Looking Ahead
Expectations for the second half of 2014 remain on track, with guidance for comparable store growth of 2 percent to 3 percent. However, even with an improved sales trend in the second quarter, the company was unable to make up its sales shortfall from the first quarter. This calculates to expectations for a full-year 2014 comparable sales increase of 1.5 percent to 2 percent. Full-year 2014 comparable sales together... More
